3. Suppose you are manager of Greg's Tunes . The firm needs a bank loan in order to purchase music equipment. In evaluating the loan request, the banker asks about the assets liabilities of he business. In particular , the banker wants to know the amount of the business' owners'equity.

Requirements

a, Is the banker considered an internal or external of financial information?

b, Which financial statement would provide the best information to answer the banker's question?